To: Wayne Rumball who wrote (9730 ) 5/6/1999 2:25:00 PM From: T2001 Respond to of 13776
Thursday May 6, 12:49 pm Eastern Time Company Press Release Market Formulation & Research Announces Acquisition ORANGE COUNTY, Calif.--(BUSINESS WIRE)--May 6, 1999--Market Formulation & Research Inc. (OTC BB:MFRC - news; the ''company'') Thursday announced it has entered into a Letter of Intent that, when completed, will result in the acquisition of 100% of the shares of a private Alberta, Canada company called 649.com Inc. The assets of 649.com Inc. are certain Internet domain names (649.com, 649.org and sixfortynine.com/.net/.org) and the intellectual property rights including a patent pending to use the Internet to play the lottery 6/49. The lottery has a ''free'' play division in jurisdictions where it is deemed not appropriate or legal to play for money. The company also wishes to announce its intent to change its name to 649.com Inc. and to approve a 5:1 forward split of its shares along with an initial $1 million private placement after a special shareholders action has been called. Mindquake Software Inc. has entered into an agreement with 649.com Inc. to develop its Web site and proprietary software. Mindquake is a world class software development company based in Vancouver, B.C., specializing in Internet software solutions. The destination site, 649.com is expected to be operational in July 1999 and will be launched in conjunction with a national media campaign. Additional information will be forthcoming outlining a second patent application and pending negotiations with a major Internet casino to manage the operations, along with further details of the unique features of playing 6/49 for profit or for fun on this Web site. -------------------------------------------------------------------------------- Contact: Rene Poole, 604/602-1717 E-mail: rap@lynx.bc.ca --------------------------------------------------------------------------------